75 North St, Rutland City, VT 05701
- $280,000
- 2,336
- SqFt
Listing courtesy of KC Gandee from Real Broker LLC. ()
- List Price
- $280,000
- Status
- ACTIVE
- MLS#
- 5103767
- Living Area
- 2,336
- Lot Size
- 10,890
- Acres
- 0.25
- Year Built
- 1900
Property Description
Prime Income Property: 3-Unit Asset in Rutland City! Looking for a lucrative 3-unit multi-family property in Rutland City? This well-maintained investment at 75 North St has featured consistent capital improvements since 2022 and is fully ready for its next owner. Unit Breakdown & Property Highlights Unit 1 (Ground Floor): Spacious 2-bedroom, 1-bath layout featuring generous living space and a private deck. Units 2 & 3 (Second Floor): Two independent 1-bedroom, 1-bath units, each featuring its own private entrance. Parking & Storage: Ample off-street parking plus a detached 2-car garage (currently utilized by tenants for storage). Location: Prime rental market close to schools, parks, and downtown Rutland. Occupancy: Flawless, steady occupancy history offering long-term stability. Recent Updates (75 North St) 2022: New furnace installed, along with electrical and minor plumbing updates. 2023: Additional targeted electrical upgrades completed. 2024: Brand-new communal laundry room built out for tenant convenience. 2025: Professional tree removal completed on the grounds. Utilities: Serviced by three separate hot water heaters (one propane, two oil). Financials & Investor Upside Current Returns: Producing a strong 6.8% CAP rate at the current offering price. Immediate Value: Rents are currently priced below market, giving you built-in rental upside from day one. Future Optimization: Property is move-in ready, or you can unlock massive value by using state grant money to upgrade the two 1-bedroom units. Don't miss this opportunity to add a stable, highly updated multi-family asset to your portfolio!
Additional Information
- Taxes
- $5,952
- Listing Agent
- KC Gandee
- Listing Office
- Real Broker LLC
- Style
- Multi-Family
- School District
- Rutland City School District
- Elementary School
- Rutland Northeast Primary Sch
- Middle School
- Rutland Middle School
- High School
- Rutland Senior High School
- Electric
- Service - 0 to 100 Amps
- Utilities
- Cable Available, Telephone
- Basement
- Unfinished
- Foundation
- Brick/Mortar
- Sewer
- Public Sewer
- Roof
- Shingle
- Zoning
- RESD 1
- Water
- Public
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